Porter’s 5 Forces: Retail 2021

A strategy classic.

Porter’s 5 Forces model helps to explain market influences as retail undergoes tremendous upheaval.

To manage fierce competition, companies can boost their bargaining power if they:

  • Differentiate their offerings
  • Reflect in-demand consumer trends
  • Invest in e-commerce for omnichannel agility

Also, as tech-driven supply chains grow in power, companies are establishing strategic partnerships to delight consumers with convenience and quality.

What do you think is the biggest factor affecting retail today?

Related:
2021 Retail Strategy Trends
2021 Retail PEST Analysis

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